Current Attempt in Progress

On January $2,2019,$ Flint Corporation issued $$1,950,000$ of $10\%$ bonds to yield $11\%$ due December $31,2028.$ Interest on the bonds is

payable annually each December $31.$ The bonds are callable at $101($i$.$e$.,$ at $101\%$ of face amount$),$ and on January $2,2022,$ Flint called

$$1,170,000$ face amount of the bonds and retired them.

Determine the price of the Flint bonds when issued on January $2,2019.($For calculation purposes, use $5$ decimal places as

displayed in the factor table provided and round final answer to $0$ decimal places, e$.$g$.5,275.)$

Price of the Flint bonds

$

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